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Will Europe Get Tough on China?

Welcome to Foreign Policy’s China Brief.The highlights this week: The G-7 summit shows some U.S. allies could get on board to counter China, Beijing admits damage to a reactor after an alert at a nuclear power plant, and the U.S. Defense Department plans a new task force in the Asia-Pacific.If you would like to receive China…

China Is Quietly Stepping Up Its Interventions in Markets

(Bloomberg) — China is resorting to increasingly forceful measures to contain risks to the financial system, in moves that threaten to undermine President Xi Jinping’s pledge to give markets greater freedom.Authorities have in recent weeks ordered state firms to curb their overseas commodities exposure, forced domestic banks to hold more foreign currencies, considered a cap…

Joe Biden Worries That China Might Win

In Biden’s view, the United States and other democracies are in a competition with China and other autocracies. This is being exacerbated by a period of rapid technological change that could give China an opportunity to leapfrog the United States in certain areas. Biden regularly invokes his many conversations with Xi Jinping to observe that…

Biden heads to Europe with China on his mind

Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services’ morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.Biden…